AD Ports Group sign MoU to explore joint operation and development of Egypt’s strategic crude oil storage facilities
Abu Dhabi’s AD Ports, Egypt’s Ministry of Petroleum & Mineral Resources and Dubai-based TCM Project Management have signed a Memorandum of Understanding to explore joint operation and development of Egypt’s strategic crude oil storage network.
Egypt’s crude oil storage system is considered critical infrastructure within the country’s national energy value chain, strategically positioned to serve domestic and international markets.
The potential collaboration highlights AD Ports Group’s commitment to expanding its integrated ports, maritime, logistics, and industrial footprint in Egypt, one of its largest overseas markets, where it has announced approximately USD 469 million in investment commitments since 2022.
Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “This Memorandum of Understanding highlight our Group’s strategic interest in Egypt, a nation with which the United Arab Emirates enjoys deep and enduring ties. The potential joint operation and development of Egypt’s extensive crude oil storage network reflects our commitment to bringing the full strength of AD Ports Group’s integrated business model—spanning ports, maritime, logistics, economic zones, and digital solutions—through forging long-term strategic partnerships, supporting the economic and industrial objectives of the Egyptian government.”
The MoU was signed by Ahmed Al Mutawa, Regional CEO of AD Ports Group; Nasser Shoman, Undersecretary of the Ministry of Petroleum and Mineral Resources of Egypt; and Mahmoud farrag Omran, General Manager of TCM Project Management.
The potential partnership aims to unlock new efficiencies and value creation opportunities by integrating AD Ports Group’s world-class operational expertise and digital capabilities with Egypt’s established energy infrastructure. The crude oil storage facilities are positioned to play a pivotal role in regional energy security, supply chain resilience, and the facilitation of international crude oil trade flows.
AD Ports Group’s potential joint operation and development of Egypt’s crude oil storage network aligns with its broader international expansion and diversification goals, which has made Egypt, along with Spain, one of its core set of more than 50 international markets. The Group’s five synergistic business clusters—Ports, Maritime & Shipping, Logistics, Economic Cities & Free Zones, and Digital—are uniquely positioned to deliver integrated solutions that drive economic growth, job creation, and technological advancement for Egypt and the wider region.